Historical Pattern Points to Price Increase Cryptocurrency analyst Crypto Jelle believes Bitcoin’s current price action suggests a “Bullish Megaphone” pattern. This pattern historically indicates a price increase, and Jelle predicts Bitcoin could reach $60,000. Optimal Investment Zone Jelle also notes that Bitcoin is currently in a zone where it typically experiences significant gains. He advises…
New Milestone: $2.2 Billion Inflows in a Week Bitcoin spot exchange-traded funds (ETFs) have been a hit in the US, drawing in over $2.2 billion in inflows last week alone. This shatters the previous weekly record set during their first week of trading. Competition Heats Up Bitcoin ETFs have captured the attention of institutional investors,…
Over the past week, Bitcoin has been performing well, reaching above $50,000 for the first time since 2021. However, analyst Ali Martinez predicts a possible correction in the near future. Correction to $46,000? Martinez suggests that Bitcoin could experience a one-to-four candlestick correction on its daily chart. This prediction is based on the Tom Demark…
Subheading 1: A Bold Prediction Ric Edelman, founder of the Digital Assets Council of Financial Professionals, predicts a massive $20 billion inflow into spot Bitcoin ETFs by the end of 2024, up from the current $2 billion. Subheading 2: Drivers of the Surge Independent financial advisors, who manage around $50 trillion in assets, are expected…
Inflows Surge Bitcoin spot exchange-traded funds (ETFs) have seen a significant increase in inflows over the past four days, outpacing the initial weeks of their introduction. According to Apollo’s co-founder, Thomas Fahrer, the ETFs have experienced a “total acceleration” of inflows, with 43,000 BTC tokens (worth $2.3 billion) flowing in. Leading Firms Grayscale remains the…
Cup and Handle Pattern A “Cup and Handle” pattern has emerged in Bitcoin’s price chart, indicating a potential rally. The cup represents a period of decline and consolidation, while the handle is a brief retracement. Validation of the Pattern Bitcoin’s price has completed the cup portion of the pattern, recovering from its lows. The handle…
Bitcoin Bulls Back in Charge Bitcoin has regained its momentum, breaking past $52,000 after a brief dip below $50,000. Investors are confident in the digital asset’s future, shrugging off concerns about inflation. Surpassing $1 Trillion Market Cap This surge marks a milestone for Bitcoin, surpassing the $1 trillion market cap for the first time in…
On Tuesday, Bitcoin’s price took a dip from $49,900 to $48,300 after the release of US inflation data. The data came in higher than expected, with the headline CPI at 3.1% instead of 2.9% and the core CPI at 3.9% instead of 3.7%. This led to a negative reaction in the traditional financial market, dragging…
Bitcoin, the leading cryptocurrency, has recently surged in price, surpassing the $50,000 mark. This rally, coupled with a high reading on the Crypto Fear and Greed Index, indicates a market brimming with optimism but also raises concerns about potential overheating. Extreme Greed: Index Hits Highest Since ATH The Crypto Fear and Greed Index, a popular…
Bullish Outlook Tuur Demeester, a prominent Bitcoin expert and researcher, shared his optimistic predictions for Bitcoin’s future price, projecting a potential surge to between $200,000 and $600,000 by 2026. Stimulus-Fueled Rally Demeester’s forecast is rooted in the massive influx of global bailouts and stimulus measures, which he believes will significantly boost Bitcoin’s valuation. He attributes…
